Poverty, Work, and the Economy
This blog will be discussing poverty, work, and the economy and how it all greatly impacts our society. Stratification is a society's "ranking" of people into socioeconomic tiers based on factors like race, wealth, education, income, etc. The functionalism theory on poverty provides us with the idea that stratification is necessary and inevitable to induce people with knowledge, skills, etc. The conflict theory suggests that stratification results from the lack of opportunity and discrimination against the poor, women, and people of color. It also claims the opposite of the functionalism theory, that it is neither necessary or inevitable. The symbolic theory adds on that stratification affects people's beliefs, lifestyles, daily interaction, and conceptions of themselves. Rising inflation, as measured by the Consumer Price Index (CPI) from the U.S Bureau of Labor Statistics, highlights how increases in the cost of goods and services can directly impact social prob...